Bill Jones Fraud Case

Impacts of Identity theft on Individuals or organizations Financial problems: Identity theft creates financial problems for both organizations and individuals. When cyber criminals acquire a victim's financial information, they can steal money from his account or take loans in his name. This can cause the victim a lot of financial problems. Identity thieves also use Social Security numbers to steal from institutions such as the government. Legal problems: Legal issues can also ensue as a result of identity theft.

1.0 Identity Theft Identity theft is when someone uses other person personal information without the permission and also has intention to do the fraud or other crime and put the victim under police suspicion. The victims also faced the difficulty to prove themselves not involve or not fault. According to Margaret Rouse (2009), identity theft is the biggest crime that related which the steal of the personal data or information. The criminal also can use the information that seem like harmless such as date of birth or identification number to commit the identity theft. The information that the stealer gets can be used to buy a car and then services in the name of the victim or the criminal use the victim’s identity to load the money and then

Auditors started to notice that when the actual payments did not come in (Celizic, 2008). There might be some other symptoms were noticed by the auditor by observing Mr. Pavlo’s lifestyle. They might have been watched about Pavlo’s salary versus his cost of living, i.e., chartering plane, luxury vacation and driving fancy cars. Auditors may have also watched his bank account transactions. 3.

Workers ' compensation fraud can be expensive for a business, but by using the services of a private investigation firm, this type of fraud can be preventive as well as discovered. The following are three ways their services can help fight fraud. Reducing false claims with preventive measures A private investigator can look at the security system of your business and make recommendations on placement of cameras, so injuries to workers may be recorded. Although there are laws regarding what can be done with cameras in the workplace, cameras in certain areas will likely prevent many false claims of injury while helping your employees establish legitimate claims. Video evidence can be gathered to establish fraud Once a claim has been filed and you have reason to believe that the injury is not real, it is a private investigator that can

Abstract Forensic fraud occurs when the fraud examiners provide sworn testament, opinions or documents that are bound for the court containing deceptive and misleading findings and opinions or conclusions, that would deliberately be offered in order to secure an un fair or unlawful gain. Such type of misconducts in an organization whether public or private sector creating a devastating impact on the firm destroying the reputation. However, lack of research in the forensic fraud phenomena exacerbated by the constraints on would be the whistle-blowers with the denial of forensic science stakeholders, where there is general perception that forensic fraud is primarily resulting corporate collapses of firms. This research paper would show the several

Background WorldCom, once known as one of the most powerful telecommunication organizations of the world, is now studied as a case of a fraudulent company that carried out unethical financial activities to cover its weakening position in the market. After some aggressive investment decisions, the company started to witness huge financial pressure. The management used various forged accounting entries to conceal its weakening position. Cynthia Cooper, Vice President Internal Audit, discovered the unethical activities and raised the issue with the management and relevant departments and received bitter responses. She carried out internal audits in her own capacity with her colleagues and compiled evidence against fraudulent activities.

The Wells Fargo Fake Account made national headlines in mid-2016 different from other historical scandals such as Enron and Volkswagen engineers and their emissions “workaround.” The Wells Fargo scandal did not include a few wrongdoers within the organization, instead the unethical behaviors was widespread at the bank with thousands of employees being involved. According to a lawsuit filed by the state of California against Wells Fargo in May 2015, it claims employees engaged in “unlawful and fraudulent conduct, including opening customer accounts and issuing credit cards without authorization” and the bank “has known about and encouraged these practices for years.” The suit also cites “the results is that Wells Fargo has engineered a virtual fee-generating machine, through which its customers are harmed, its employees take the blame, and Wells Fargo reaps the profits.” The shocking scandal of 2016 is employees of Well Fargo secretly created over 2 million new bank and credit card accounts for over 15,000 customers without their knowledge, resulting in overdraft and other fees. This ethical dilemma also resulting in 5,300 Wells Fargo employees’ termination, and copious amounts of fines and monies reimbursements to be paid to consumers and the government.

Organized retail crime (ORC), is frequently referred to as organized retail theft, typically refers to retail theft and fraud by organized gangs of professional shoplifters, or ―boosters. It is an umbrella term including a variety of retail crimes, including theft, gift card fraud, return fraud, and price switching and cargo theft. Stolen goods may be taken not only from retailers, but from manufacturers, warehouses, and distributors as well. The organized crime rings resell this illegally attained merchandise a variety of different ways. They may use fencing operations such as jockey lots (flea market), pawn shops, and online markets like eBay.

Corruptions can be classified into two different categories: passive and active. Passive corruptions is where a criminal justice agent takes bribes or gratuities or anything in that nature (Pollock, J). Active corruptions is where you physically take something from a crime scene or engage in more deviant behaviors (Pollock, J.). Corruption can be also be classified as political, economic, and public administrative corruption. Probably the two most corruption in the field would be economic and political.

This may sound like loyal workers; it can also be a sign that there is something wrong and are worried that someone will detect their wrong doings if they were out of the office. It is good idea to rotate employees to various task or department within the company. 5. Hire Experts Experts like Certified Fraud Examiners (CFE), Certified Public Accountants (CPA) and CPAs who are Certified in Financial Forensics (CFF) can help in creating anti-fraud strategies and measures. These specialists can provide a wide range of services from complete internal control audits and forensic analysis to general and basic consultations.